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Thelogically Ltd

10850644

in administration
Private Limited Company
Companies House
Health Score
N/A

Details

31ST FLOOR, LONDON, E14 5NR
Incorporated 05/07/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

63110
Data processing, hosting and related activities

Officers

Mr Lyric Jain

director · Since 05/07/2017

FOUNDER AND CEO

BRITISH · ENGLAND · Age 30

Also on 2 other boards

Sir Hossein Yassaie

director · Since 10/10/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 69

Lyric Jain

secretary · Since 06/04/2024

Persons with Significant Control

Melody Ai Limited

25–50% shares
25–50% votes
Appoint directors

Brookfoot Mills (Avocet), Brookfoot Industrial Estate, Brighouse, HD6 2RW

Reg: 15360767 · Companies House · Private Limited Company

Notified 17/10/2024

Former PSCs

Mr. Lyric Jain

Ceased 17/10/2024

Charges2 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 17/01/2024Registered 22/01/2024
Charge
outstanding

HSBC UK BANK PLC

Created 30/11/2023Registered 06/12/2023
Charge
satisfied

SPRK CAPITAL LIMITED

Created 20/03/2023Registered 20/03/2023Satisfied 22/01/2024
Charge
satisfied

XTX INVESTMENTS UK LIMITED

Created 26/03/2021Registered 30/03/2021Satisfied 22/03/2022
Charge
satisfied

ENTERPRISE VENTURES (GENERAL PARTNER NPIF YHTV EQUITY) LIMITED AS GENERAL PARTNER OF NPIF YHTV

Created 26/03/2021Registered 30/03/2021Satisfied 22/03/2022

CompanyRankvs 15+ SIC 63110 peers
20

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/07/2023

Net Worth

-£3.7M

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£3.7M

Working capital

Current Assets

£5.2M

Current Liabilities

£8.9M

Fixed Assets

£202k

Debtors

£5.2M

Profit After Tax

-£5.5M

82avg. employees+31

Balance Sheet

Assets less current liabilities-£3.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20230.59-£4.0M
20225.62+£138k
20210.62+£48k
20200.35+£2.3M
20190.03-£2.4M
20181.40—

Derived from filed accounts. Not audited figures.